Shankara Building Products Ltd IPO (Shankara Buildpro/SBPL IPO) Details:
Shankara Building Products Ltd engages in the retail of home improvement and building products in India. The company offers structural steel, cement, thermo mechanical treatment bars, hollow blocks, pipes and tubes, roofing solutions, welding accessories, primers, solar heaters, plumbing products, tiles, sanitary ware, water tanks, plywood, kitchen sinks, and lighting and other allied products.
As of September 24, 2016, it operated 100 Shankara BuildPro stores covering the end-user segments of urban and semi-urban markets in Andhra Pradesh, Goa, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, Tamil Nadu, Telangana, and Puducherry. The company also manufactures, assembles, processes, trades in, imports, exports, or deals in a range of steel sheets, steel roofing sheets, walling products, accessories, and steel structures and purlins used for construction of various types of building structures, as well as steel pipes, tubes and pipe fittings, and iron and steel and allied products; and engages in general hardware and general wholesale trading activities.
It serves home owners, architects and contractors, and small enterprises; and housing, general engineering, automotive, renewable energy, agriculture, and construction and infrastructure sectors. The company was formerly known as Shankara Infrastructure Materials Limited and changed its name to Shankara Building Products Ltd in July 2006. Shankara Building Products Limited was founded in 1995 and is headquartered in Bengaluru, India.
OBJECTS OF THE ISSUE:
The Offer comprises of the Fresh Issue and the Offer for Sale.
Offer for Sale
Company will not receive any proceeds from the Offer for Sale.
Requirement of funds
Company proposes to utilise the Net Proceeds from the Fresh Issue towards the following objects:
- Repayment or pre-payment of loans of our Company and VPSPL;
- General corporate purposes.
Shankara Building Products Ltd IPO (SBPL IPO) Details:
- Issue Open: March 22, 2017 – March 24, 2017 (Tentative dates)
- Issue Type: 100% Book Built Issue IPO
- Face Value: Rs 10 Per Equity Share
- Issue Size: 75,00,000 Equity Shares of Rs 10 aggregating up to Rs 345 Cr
- Issue Price: Rs 440 – Rs 460 Per Equity Share
- Market Lot: 32 Shares
- Minimum Order Quantity: 32 Shares
- Listing At: BSE, NSE
* To Be Updated
BOOK RUNNING LEAD MANAGERS Of Shankara Building Products Ltd IPO (SBPL IPO):
IDFC Bank Limited
Naman Chambers C-32, G Block
Bandra Kurla Complex,
Bandra (East) Mumbai 400 051
Tel: +91 22 6622 2600 Fax: +91 22 6622 2501
Investor Grievance E-mail: firstname.lastname@example.org
Equirus Capital Private Limited
12th Floor, C Wing, Marathon Futurex N.M. Joshi Marg,
Lower Parel Mumbai 400 013
Tel: +91 22 4332 0600 Fax: +91 22 4332 0601
Investor Grievance E-mail: email@example.com
HDFC Bank Limited
Investment Banking Group
Unit No 401& 402, 4th floor,
Tower B Peninsula Business Park
Lower Parel, Mumbai 400 013
Tel: +91 22 3395 8015 Fax: +91 22 3078 8584
Investor Grievance E-mail: firstname.lastname@example.org
REGISTRAR TO THE OFFER of Shankara Building Products Ltd IPO (SBPL IPO):
Karvy Computershare Private Limited
Karvy Selenium Tower B Plot 31-32,
Gachibowli Financial District,
Nanakramguda Hyderabad 500 032
Tel: +91 40 6716 2222 Fax: +91 40 2343 1551
Investor Grievance E-mail: email@example.com
Shankara Building Products Ltd IPO (SBPL IPO) Draft Red Herring Prospectus (DRHP):
If You Want to Reduce Your Brokerage By More Than 80% Just Get More Information Here: Save More Than 80% Brokerage.
While Laurus Labs IPO investors also will be happy with the gains they got on listing.
BSE IPO (Bombay Stock Exchange IPO) also lists with some good premium making its investors happy once again. Hope you all enjoyed it.
Now Music Broadcast Ltd IPO (MBL IPO) bidding is over now. Now Music Broadcast IPO Allotment and Listing will be in process. While Avenue Supermarts Ltd IPO (DMart IPO) bidding also closed. Now Avanue Supermarts (Dmart) IPO Allotment and Listing will be in process.
Latest Grey Market Premium (GMP) of Avenue Supermarts Ltd IPO (DMart IPO) is between Rs 239 to Rs 241 per equity share. While Grey Market Premium (GMP) of Music Broadcast Ltd (MBL) is trading between Rs 88 – Rs 90 per equity share.
After Avenue Supermarts IPO, next to open is CL Educate IPO between March 20, 2017 – March 22, 2017. Next in the pipeline will be Central Depository Services Ltd IPO (CDSL IPO) and Continental Warehousing Corporation Ltd IPO (Nhava Seva IPO).
Some SME IPO will also be active in market in coming week.
Keep watching this blog to keep yourself updated with all the news.
If you want all updates delivered to your email box just subscribe for the updates. We also hate spam so we are not going to share your details with anyone. So Just Subscribe and forget the tension of tracking the IPO’s. We will do it for you.
If you like to have a Chance to Win a Smart Phone just Like and share us.